I spent last week listening to experts in artificial intelligence talk about what AI can and will bring to the markets and the broader world. What is patently clear is that AI is here now and is only going to expand. As Jay Biondo, product manager, surveillance at Trading Technologies told me, it’s everywhere already – from Amazon’s Echo (usually called Alexa) to Netflix’s suggested picks. It’s part of Charles Schwab’s brokerage service which will allow its brokers to service thousands instead of hundreds of customers, according to Jack Boyle, vice president derivatives & trading support at Charles Schwab,…

It’s been eight months since Trading Technologies purchased AI-driven regulatory software firm Neurensic. Since then the firm has integrated the software into the TT platform and rebranded the service as TT Score. Jay Biondo, product manager, surveillance at Trading Technologies, spoke with John Lothian News at the FIA IDX 2018 conference about how the technology can be adapted to multiple market users from trading firms to regulators. The software is designed to find and alert firms of trading patterns that may be questionable or potentially illegal. Biondo said the firm is looking to ramp up alerting with a method called…

After Adena Friedman became Nasdaq’s CEO at the end of 2016, the exchange group’s management team evaluated where would be best to invest moving forward. One decision out of that process was to shift to becoming more of a fully integrated, cloud-enabled managed services provider. The plan came together in 2017. 2018 is the year for execution. In this video from JLN’s annual series with industry leaders, Nasdaq’s EVP and Head of Market Technology Lars Ottersgård talks about machine learning, data governance, parimutuel technology and cloud computing. Produced by Mike Forrester Interview by Spencer Doar

First Read Hits & Takes JLN Staff Congratulations to the World Federation of Exchanges on its IOMA Clearing & Derivatives Conference, concluded on Friday. The event, as usual, attracted exchange, clearing and market infrastructure from several continents and was well focused on the challenges and issues facing global CCPs. Nicely done.~JK Ankur Kamalia, managing director, head of group venture portfolio management & DB1 Ventures at Deutsche Bˆrse said at the WFE IOMA conference that his group has met with 750 fintech firms over the past three years and invested in just seven. Among those is Digital Asset Holdings.~JK Interesting tidbit…

There are a number of angles playing into the evolution of GreenKey Technologies’ voice recognition business over the past year. The consumer sector saw the continued rise of voice assistants – who doesn’t know Alexa? Advancements in machine learning allowed GreenKey to develop its technology in ways impossible four years ago. Regulatory edicts forced companies to continue to up their compliance game and the big data boom continued to push firms to unlock information already contained in-house. Moreover, Greenkey’s relationships with IPC and OpenFin show the company’s willingness to collaborate to expand its reach. In this seventh video from JLN’s…

“We can only see a short distance ahead, but we can see plenty there that needs to be done.” -Alan Turing in 1950’s seminal “Computing Machinery and Intelligence” While it feels like only recently that company after company, in industry after industry, has started deploying some variety of “machine learning” or “deep learning” or “artificial intelligence” in their marketing materials and new initiatives, technologists and academics have been talking about the field for decades. But with this recent proliferation of use cases comes the unavoidable confusion over what the terms actually mean in practice. Is there a black box with…

Lead Stories ’50 Cent’ Is Buying Up Big on March VIX Calls Luke Kawa – Bloomberg Just as the rapper Curtis Jackson III captures attention for realizing he’s made millions on Bitcoin, the buyer of volatility options that shares his moniker is a window shopper in VIX options no longer. /goo.gl/K8sm8K ****SD: Said it before, I’ll say it again – Kawa gets the hip-hop puns. The more this options 50 Cent keeps putting on size, the harder it will be for me to find songs by the rapper to reference… I’ll probably have something to say about this on the…

First Read Hits & Takes By JLN Staff Congratulations to CME Group employees who supported October Pink for a Purpose campaign. Their efforts brought in more than $50,000. When you include CME’s corporate donations, more than $175,000 will go to @BeBrightPink and more than $16,000 will go to @CR_UK for the early detection, prevention and research for breast and ovarian cancer.~JJL The Treasury released its report on year-end 2016 U.S. portfolio holdings of foreign securities.. The largest holdings of foreign securities by country were the Cayman Islands with $1.37 trillion, the United Kingdom with $1.20 trillion, Japan with $854 billion…